November 27, 2015

Banking Awareness Quiz for IBPS Clerks Online Exam 2015 - Set 74

A person intending to acquire shares or compulsorily convertible debentures / bonds or voting rights or convert optionally convertible debentures/ bonds of ____________ per cent or more in a private sector bank, he/she will have to apply to the Reserve Bank for obtaining its prior approval.

40

5

10

20

30

Which Act defines the rights of consumers in India and is applicable to banking services as well ? The rights and liabilities of customers availing of internet banking services need to be clearly explained to customers opting for internet banking ?

Consumer Protection Act, 1986

Constitution of India

Indian Penal Code

Criminal Procedure Code

Civil Procedure Code

All RRBs which have implemented CBS and have also migrated to Internet Protocol Version 6 (IPv6) and may offer Internet Banking with transactional facility to their customers with prior approval of RBI, subject to which of the following ?

CRAR of not less than 10 per cent.

Networth is Rs.100 crore or more as on March 31 of the immediate preceding financial year

Gross NPAs less than 7 % and Net NPAs not more than 3%

The bank should have made a net profit in the immediate preceding financial year and overall, should have made net profit at least in three out of the preceding four financial years.

All the above

Which type of Internet Banking facility may be offered by, all Regional Rural Banks to their customers with-out prior approval of RBI ?

view only facility

edit

redesign

modify

None

Which of the following transactions cannot be allowed by RRBs under Internet Banking (View only) facility to their customers ?

online fund-based transactions

as balance enquiry

balance viewing

account statement download

request for supply of cheque books

In an effort to increase direct lending to agriculture, the target for direct lending to small and marginal farmers under the recently revised Priority Sector Norms has been increased to ____________ percent for 2015-16 and to 8 percent for 2016-17 with an aim to increase the flow of credit directly to farmers.

9

7

7.5

8

10

The guidelines for setting up of wholly-owned NOFHC by eligible entities / groups are released for carrying out business of banking and other permis-sible financial activities in the private sector. In the abbreviation NOFHC, the letter H stands for what?

Habit

Holding

House

Host

Happy

The name of "Apna Sahakari Bank Ltd., Mumbai" has been included in the Second Schedule to the Reserve Bank of India Act, 1934. Now this bank is called as which type of co-operative bank ?

An entity registered and regulated under relevant regulations framed by SEBI or any other authority designated for the purpose

It includes REITs governed by the SEBI (REITs) Regulations, 2014

It includes InvIts governed by the SEBI (InvIts) Regulations, 2014

It includes AIFs governed by the SEBI (AIFs) Regulations, 2012

All the above

Barter trade was initially permitted along the Indo-Myanmar border. What is barter trade ?

exchange of goods produced, without using money

In this monetary transactions only

In the boarder only done

In the islands only done

None

A loan granted for short duration crops will be treated as NPA, if the installment of principal or interest thereon remains overdue for two crop seasons. Expand the abbreviation NPA?

New Product Asset

Non-Performing Asset

National Product Asset

Navy product Asset

None

The FITL created by conversion of unpaid interest will be classified in the same asset classification category in which the restructured advance (i.e, loan) has been classified. Further movement in the asset classification of FITL would also be determined based on the subsequent asset classification of the restructured advance. In the abbreviation FITL, the F stands for what?

Finance

Funded

Free

Festival

Feature

Which need not be treated as NPAs although interest thereon may not have been paid for more than 90 days provided adequate margin is available in the accounts ?

advances against term deposits

NSCs eligible for surrender

IVPs

KVPs, LIC policies

All the above

The term 'Advances' includes which of the following ?

all kinds of credit facilities including cash credit, overdrafts, term loans,

bills discounted/ purchased, receivables, etc.

investments other than that in the nature of equity.

All the above

None of these

When the amounts due to a bank (present value of principal and interest receivable as per restructured loan terms) are fully covered by the value of security, duly charged in its favour in respect of those dues, the bank's dues are considered to be fully secured. These amounts/loans are called as what ?

Social

Fully Secured

Safety

Stuffed

None

What is 'Restructured Account' ?

A restructured account is one where the bank, for economic or legal reasons relating to the borrower's financial difficulty, grants to the borrower concessions that the bank would not otherwise consider.

Fully paid loan

subsidized loan

interest paid loan

None

Any credit facility in whatever form extended by lenders (i.e. banks, FIs or NBFCs) to an infrastructure facility will fall within the definition of which type of lending ?

Infrastructure lending

business lending

agriculture finance

personal finance

retail banking

By which oganisation a technical Group on Statistics for International Trade in Banking Services (TG-SITBS) was set up?

LIC

Reserve Bank of India

SEBI

IRDAI

PFRDA

Under which Act, acceptance of money under Money Circulation/ Multi-level Marketing/ Pyramid structures is a cogniable offence said by Reserve Bank of India?